Jet fuel prices have risen for three months straight, and IndiGo has responded with higher fares and a fresh fuel surcharge. Despite that, IndiGo recovered only about 57% of the rise in costs in the June quarter. It is currently facing three headwinds: elevated fuel prices, dip in market share, and moderating overall passenger traffic. Will a strong balance sheet and festive travel help it overcome this brief lull, or will the challenge get even stronger? Read on to find out.